Syntel, Inc. (SYNT) Misses Q1 EPS by 3c; Guides FY16 EPS Below Views

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Go back to Syntel, Inc. (SYNT) Misses Q1 EPS by 3c; Guides FY16 EPS Below Views

Syntel Reports First Quarter 2016 Financial Results

April 21, 2016 8:31 AM EDT

Highlights:

Q1 revenue of $241.4M, up 9% from year-ago quarter, down 5% sequentiallyQ1 EPS of $0.63 per diluted share, up 32% from year-ago quarter, down 29% sequentiallyQ1 cash & short term investments of $1.08B Global Headcount of 24,496 on March 31, 2016, versus 24,534 in the year ago quarter

TROY, Mich., April 21, 2016 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a global provider of digital transformation, information technology and knowledge process services to Global 2000 companies, today announced financial results for the first quarter, ended March 31, 2016.

First Quarter Financial... More